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The Los Angeles Dodgers filed a proposed bankruptcy reorganization plan Friday, a little more than a week after resolving a court fight with Fox Sports that threatened plans to sell the ball club.The Dodgers …
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Bob Chapman's Friday Report: Warnings Of A Great Depression or Hyperinflation 1/3
(Reuters) – Washington Mutual Inc said on Friday it has won court approval to send its latest reorganization plan to creditors for a vote, and hopes to end its nearly 3-1/2-year-old bankruptcy by the end of February. Once the largest U.S. savings and loan, Washington Mutual expects to distribute more than $7 billion to creditors after it emerges from Chapter 11. A hearing to confirm its …
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Standard and Poor's has decided to downgrade Italy's credit rating by two notches to BBB+ from A, Italian news agency ANSA reported on Friday citing government sources. The ratings agency had already downgraded Italy to A from A+ in …
The principal developer behind plans for an urban village near Modesto’s Kaiser hospital has filed for bankruptcy protection. Aruna Chopra and her husband, Sawtantra, listed debts of $8.2 million tied to property on Dale Road across from the hospital in Friday’s petition for Chapter 11 reorganization.
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DENVER — Quiznos says a majority of its creditors have agreed to a plan by the restaurant chain to restructure or pay off some $875 million in debt, but it may yet file for Chapter 11 bankruptcy protection. The plan outlined Friday calls for one of Quiznos’ major creditors, investment firm Avenue Capital, to invest $150 million of new equity capital into the chain. Read full article > >
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The Las Vegas Monorail, which has wrestled with losses since it opened in its current form seven years ago, may be nearing the end of the line. On Friday, U.S. Bankruptcy Court Judge Bruce Markell rejected the monorail’s plan to exit Chapter 11 bankruptcy
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Pizza and pasta chain Sbarro Inc., which filed for bankruptcy protection in April, said Friday that it filed an amended reorganization plan that would allow it to emerge with less debt.
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(Reuters) Eastman Kodak Co shares lost more than half their value on Friday as the company hired a law firm well-known for bankruptcy cases, triggering speculation that the photography pioneer could file for bankruptcy.
A plan to distribute $13 million to consumers cheated by Wentzville-based US Fidelis could be tossed aside if a lawsuit against the bankrupt company’s largest creditor is successful, according to a memo filed with the bankruptcy court Friday by the creditor, Chicago-based Mepco Finance Corp.
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